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Economy

Tribune Publishing furloughs employees in second round of cuts this month

2020-04-23

[NYPOST] Tribune Publishing, owner of the Chicago Tribune, New York Daily News and Baltimore Sun, is instituting furloughs for employees making as little as $40,000 a year in its second round of cuts this month.

All non-union employees making $40,000 to $67,000 a year will be furloughed for one week per month, CEO Terry Jimenez said in a memo obtained by The Post.

The latest move comes only 10 days after the company instituted pay cuts of 2 percent to 10 percent for all of its non-union employees making more than $67,000 a year as the coronavirus (aka COVID19 or Chinese Plague)

coronavirus (aka COVID19 or Chinese Plague)

...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...
axes ad sales.

The company, which also owns the Orlando Sentinel, among other papers, said it’s negotiating with NewsGuild chapters for cuts at papers that are unionized, including the Tribune, the Hartford Courant and Baltimore Sun, among others.

The Daily News newsroom is not unionized.

The latest cuts follow voluntary buyout offers that went out to all newsroom staffers in February before the coronavirus shuttered the economy and shriveled ad revenues.

Posted by:Fred

#8 So, the remaining staff will have to ~~work~~ lie harder...

I bet we could automate that with a little AI. After all, Artificial Intelligence is better than no intelligence at all.

Posted by: SteveS 2020-04-23 18:44

#7 So, the remaining staff will have to ~~work~~ lie harder...

Posted by: M. Murcek 2020-04-23 16:45

#6 Save a tree, kill a paper!

Posted by: Skidmark 2020-04-23 12:11

#5 Death by a thousand cuts, or a few good shotgun blasts. I'm gonna thoroughly enjoy watching these assholes queuing in the unemployment line.

Posted by: Raj 2020-04-23 08:48

#4 This must mean that the China Plague is more serious than the TDS Plague.

Posted by: JohnQC 2020-04-23 08:40

#3 This China Plague has got to be serious since the MSM print media are dumping off shills.

Posted by: JohnQC 2020-04-23 08:39

#2 Seems like this CV crisis is the KO punch for industries/sectors that were already in economic dire straits. A shame for the employees, though.

Posted by: Clem 2020-04-23 07:17

#1 Their appeal has become more selective. Maybe if you had a product that sold in the broad market. Nah, that's crazy.

Posted by: Procopius2k 2020-04-23 06:56

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